Deals of the day-Mergers and acquisitions
Adds Gol, Trucordia, Core Specialty, ABB, Serica Energy
Jan 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Tuesday:
Global airlines were in talks with Gol GOLL4.SA to invest in the Brazilian airline, which is amid Chapter 11 bankruptcy proceedings, local newspaper Valor Economico reported on Tuesday, citing sources. nS0N3NV010
Utah-based Trucordia has acquired provider of auto, home, business, and life insurance solutions Rusty Healy Insurance Agency, based in Madison, Mississippi. nL6N3OH0IF
Core Specialty has completed the acquisition of Seattle-based London Aviation Underwriters (LAU), marking the company’s 18th specialty business unit within the fronted programs subsegment. nL6N3OH0HN
ABB ABBN.S sees good growth momentum in 2025 due to long term trends like electrification and automation and booming demand from data centres, Chief Executive Morten Wierod said on Tuesday. nS8N3GH0DH
Serica Energy SQZ.L said on Tuesday it would return to focus on growing oil and gas operations in the British North Sea, reversing earlier plans to shift overseas in the face of rising taxes on the sector. nL3N3OH0JU
UBS Chief Executive Sergio Ermotti on Tuesday said it was currently premature for the Swiss bank to consider acquisitions as it continues to focus on the integration of Credit Suisse, which it bought in 2023. nL5N3OH126
Italy's Generali GASI.MI and France's BPCE said on Tuesday they had taken the first step towards creating Europe's largest asset manager by revenue as the industry bets on size to protect profit margins. nL5N3OH090
Holcim HOLN.S would like to make 15 to 20 acquisitions this year Chief Executive Miljan Gutovic said on Tuesday, with the building materials company open to large deals. nL5N3OG0WI
U.S.-based International Paper IP.N is set to get EU approval for its 5.8 billion pound ($7.12 billion) purchase of UK rival DS Smith SMDS.L after agreeing to sell assets to address competition concerns, people with direct knowledge of the matter said on Tuesday. nL2N3OH0RG
(Compiled by Rajarshi Roy and Mariam Sunny in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com;))
Related Articles
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
USD Dollar Trend Forecast: Dollar Index Falls Below 97.0 to 4-Year Low, Will the Dollar Continue To Fall or Bottom Out in 2026?
TradingKey - In January 2026, the US Dollar Index continued its downward trend from 2025, officially breaking below the key 97.0 level and reaching a low of 95.5, marking a nearly four-year low since February 2022.
